Economic ideals
October 19, 1988
You know, I am continously dumbfounded by the current information my fellow Americans base their political affiliation upon. Typically, a Bush supporter will present me with this, or a statement of similar weight, to support their preference. “Bush is good for the economy.”
When discussing such an important topic, I often request further information. The most detailed response usually presented is unemployment is down and the country appears prosperous. And I’ll tell you something, I agree. But, now it is time to solidify the “apparent” growth we have enjoyed.
Look, I’m no economic specialist, but I am aware of a few nonpartisan facts. Our country is spending more than we’re earning, consuming more than producing, and borrowing more than saving. Hey, in the short run, it will be great. An “I don’t give a damn, I’m going to live it up NOW” kind of attitude. Hell, I’m no fuddy-duddy. That sounds fun! But, can’t that result in a false conception of prosperity? I think it may.
The U.S. is the greatest country in the world. There is no doubt. But, following such an economic path, on the national level, may have a detrimental effect on our future economic well being. Look, if you don’t believe me, maybe you’ll believe this guy. President Reagan, in his 1981 Inaugural Address, said “You and I as individuals can, by borrowing, live beyond our means, but only for a limited period of time. Why then, should we think that collectively, as a nation, we’re not bound by the same limitations?” Something worthy of consideration, isn’t it?
Kenneth Marx
Political Science